Measure B1, an Alameda Unified School District parcel tax renewal, is an otherwise laudable tax measure, if not for the annual cap of $7,999 that benefits the largest property and building owners in Alameda.
Under the tax, average homeowners pay 32 cents per building-square-foot, based on the size of their home.
However, a large corporation with a large building – and there are several in Alameda, just look to South Shore Shopping Center and the Harbor Bay Business park – is protected by the tax cap.
A large corporation with a 25,000 sq foot building would pay 32 cents per square foot, just like the homeowner.
But a corporation with a 50,000 sq foot building would pay just 16 cents, or half of what the average homeowner pays.
A corporation with a 75,000 sq foot building would pay just 11 cents, and for a 100,000 sq foot building, they’d pay just 8 cents per building square foot. The corporate owner of a very large building could pay as little as just a penny per square foot, while average homeowners pay 32 times as much.
That corporation owning the 100,000 sq foot building is saving $24,000 per year – money that the school district, and Marilyn Ashcraft – are leaving on the table, shortchanging our students.
Marilyn Ashcraft has taken the side of large corporations by endorsing Measure B1, and shortchanging Alameda students.